American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC trimmed its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 3,264 shares of the company’s stock after selling 269 shares during the period. Court Place Advisors LLC’s holdings in American Electric Power were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEP. Fairfield Bush & CO. bought a new stake in shares of American Electric Power during the 1st quarter worth about $40,000. Westwood Holdings Group Inc. bought a new stake in shares of American Electric Power during the 1st quarter worth about $211,000. Cibc World Market Inc. raised its position in shares of American Electric Power by 13.1% during the 1st quarter. Cibc World Market Inc. now owns 30,809 shares of the company’s stock worth $3,074,000 after buying an additional 3,558 shares in the last quarter. Sei Investments Co. raised its position in shares of American Electric Power by 17.7% during the 1st quarter. Sei Investments Co. now owns 205,440 shares of the company’s stock worth $20,569,000 after buying an additional 30,836 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of American Electric Power by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 36,515 shares of the company’s stock worth $3,643,000 after purchasing an additional 577 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on AEP shares. Mizuho downgraded shares of American Electric Power from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Thursday, January 11th. Barclays boosted their target price on shares of American Electric Power from $83.00 to $84.00 and gave the stock an “equal weight” rating in a report on Monday. LADENBURG THALM/SH SH downgraded shares of American Electric Power from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $75.50 to $73.00 in a report on Friday, March 8th. StockNews.com downgraded shares of American Electric Power from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Finally, Cfra reiterated a “buy” rating and issued a $92.00 target price (up from $90.00) on shares of American Electric Power in a report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.15.

American Electric Power Trading Up 2.2 %

Shares of American Electric Power stock traded up $1.73 during trading on Wednesday, hitting $81.24. The stock had a trading volume of 2,290,496 shares, compared to its average volume of 3,775,774. The stock has a 50 day simple moving average of $82.54 and a 200 day simple moving average of $79.85. The company has a market capitalization of $42.78 billion, a PE ratio of 19.07, a P/E/G ratio of 2.86 and a beta of 0.51. The company has a quick ratio of 0.36, a current ratio of 0.53 and a debt-to-equity ratio of 1.49. American Electric Power Company, Inc. has a 1 year low of $69.38 and a 1 year high of $94.73.

American Electric Power (NASDAQ:AEP) last released its earnings results on Tuesday, February 27th. The company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.03). American Electric Power had a return on equity of 11.04% and a net margin of 11.64%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period last year, the business earned $1.05 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. On average, research analysts expect that American Electric Power Company, Inc. will post 5.54 EPS for the current fiscal year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 9th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, February 8th. American Electric Power’s payout ratio is presently 82.82%.

American Electric Power Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.